American Express (NYSE:AXP) Shares Sold by Tower Research Capital LLC TRC

20 Apr 2025, 08:22 by Amy Steele · The Cerbat Gem

Tower Research Capital LLC TRC lowered its position in shares of American Express (NYSE:AXP – Free Report) by 14.7% in the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 40,989 shares of the payment services company’s stock after selling 7,054 shares during the quarter. Tower Research Capital LLC TRC’s holdings in American Express were worth $12,165,000 as of its most recent filing with the SEC.

Several other large investors also recently made changes to their positions in AXP. Opal Wealth Advisors LLC grew its stake in shares of American Express by 1.6% during the fourth quarter. Opal Wealth Advisors LLC now owns 2,142 shares of the payment services company’s stock valued at $636,000 after acquiring an additional 33 shares in the last quarter. Catalina Capital Group LLC increased its stake in shares of American Express by 1.0% in the fourth quarter. Catalina Capital Group LLC now owns 3,356 shares of the payment services company’s stock valued at $996,000 after purchasing an additional 34 shares during the period. Boston Financial Mangement LLC raised its stake in American Express by 0.9% during the 4th quarter. Boston Financial Mangement LLC now owns 4,007 shares of the payment services company’s stock valued at $1,189,000 after acquiring an additional 34 shares in the last quarter. Sunflower Bank N.A. lifted its holdings in American Express by 0.9% in the fourth quarter. Sunflower Bank N.A. now owns 4,054 shares of the payment services company’s stock worth $1,203,000 after purchasing an additional 35 shares during the period. Finally, Foster & Motley Inc. boosted its holdings in shares of American Express by 2.1% in the fourth quarter. Foster & Motley Inc. now owns 1,716 shares of the payment services company’s stock valued at $509,000 after acquiring an additional 35 shares in the last quarter. Institutional investors and hedge funds own 84.33% of the company’s stock.

Insider Buying and Selling at American Express

In other news, Director Michael J. Angelakis purchased 3,700 shares of the company’s stock in a transaction on Friday, March 7th. The shares were purchased at an average cost of $269.89 per share, with a total value of $998,593.00. Following the completion of the transaction, the director now owns 3,700 shares of the company’s stock, valued at $998,593. The trade was a ∞ increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Ravikumar Radhakrishnan sold 9,485 shares of the firm’s stock in a transaction that occurred on Wednesday, February 5th. The shares were sold at an average price of $319.17, for a total value of $3,027,327.45. Following the completion of the sale, the insider now directly owns 13,500 shares of the company’s stock, valued at approximately $4,308,795. The trade was a 41.27 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 0.20% of the company’s stock.

American Express Stock Down 0.6 %

NYSE:AXP opened at $251.48 on Friday. The stock has a 50-day simple moving average of $272.87 and a 200 day simple moving average of $287.71. American Express has a 52-week low of $220.43 and a 52-week high of $326.28. The company has a market cap of $176.67 billion, a PE ratio of 17.95, a PEG ratio of 1.41 and a beta of 1.16. The company has a debt-to-equity ratio of 1.64, a quick ratio of 1.57 and a current ratio of 1.58.

American Express (NYSE:AXP – Get Free Report) last issued its quarterly earnings results on Thursday, April 17th. The payment services company reported $3.64 earnings per share for the quarter, topping the consensus estimate of $3.47 by $0.17. The company had revenue of $16.97 billion during the quarter, compared to analysts’ expectations of $17.04 billion. American Express had a net margin of 15.36% and a return on equity of 32.65%. During the same period last year, the business earned $3.33 EPS. On average, sell-side analysts expect that American Express will post 15.33 EPS for the current fiscal year.

American Express Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, May 9th. Investors of record on Friday, April 4th will be given a dividend of $0.82 per share. The ex-dividend date is Friday, April 4th. This is a boost from American Express’s previous quarterly dividend of $0.70. This represents a $3.28 annualized dividend and a yield of 1.30%. American Express’s dividend payout ratio is 22.91%.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on AXP shares. Citigroup dropped their price target on American Express from $320.00 to $300.00 and set a “neutral” rating on the stock in a research note on Monday, March 24th. William Blair reiterated an “outperform” rating on shares of American Express in a research report on Monday, January 27th. JPMorgan Chase & Co. decreased their target price on American Express from $325.00 to $244.00 and set a “neutral” rating for the company in a research report on Tuesday, April 8th. Evercore ISI increased their price objective on American Express from $315.00 to $344.00 and gave the stock an “in-line” rating in a research note on Monday, January 27th. Finally, The Goldman Sachs Group lowered their target price on American Express from $367.00 to $330.00 and set a “buy” rating on the stock in a research note on Tuesday, March 18th. Two equities research analysts have rated the stock with a sell rating, fifteen have issued a hold rating and nine have assigned a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $294.90.

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